Awards

RITES has received the award under the category of Public Sector Entities for its Annual Report and Financial Statement for the year ended March 31, 2021. RITES’ Director (Finance) & Chief Financial Officer Shri Bibhu Prasad Nayak received the award from Hon’ble Union Minister Shri Jitendra Singh at a ceremony on February 9, 2022. The award recognises accounting practices, policies adopted by RITES Ltd. for disclosure and presentation of financial statement(s) and the company’s highest degree of compliance with accounting standards, statutory guidelines, regulation etc.

The award, presented by Hon’ble Minister of Heavy Industries, Government of India, Dr. Mahendra Nath Pandey during the 36th Indian Engineering Congress — Centenary Celebrations in New Delhi on Sunday, recognises RITES’ efforts towards innovation and excellence in engineering operations & consultancy services, thereby building capacity to sustain excellence in competitive manner.

Mr. V. G. Suresh Kumar, Director (Projects) and Chairman &Managing Director, RITES Limited, was conferred the prestigious ‘Eminent Engineer Award’ by the Institution of Engineers (India) for his outstanding contribution towards the advancement and application of practice of engineering in the country.

RITES Ltd. has been honoured with 8th Governance Now PSU Award for ‘Resilient Growth’ in the financial category. The award recognises RITES’ efforts in achieving sustained growth, profitability & productivity during financial years (2019 & 2020).

RITES Ltd. has been honoured with ICAI Awards for Excellence in Financial Reporting 2019-20 (Category XI: Public Sector Enterprises). Shri Bibhu Prasad Nayak, Director (Finance) and Shri Parmod Kumar Narang, Chief Financial Officer, received the award from Shri Arjun Ram Meghwal, Hon’ble Union Minister of State for Parliamentary Affairs and Heavy Industries & Public Enterprises, Government of India. The award recognises accounting practices, policies adopted by RITES for disclosure and presentation of financial statement(s) and the company’s degree of compliance with accounting standards, statutory guidelines, regulation etc.

RITES has been felicitated with SKOCH Gold Award (for Response to Covid-19) at the 68th SKOCH Summit. The awards is testimony to RITES commitment to support the nation and its people, ensure the well-being of its workforce & associates and contribute to the ecosystem that nurtures it, during these challenging times. It also acknowledges company’s efforts in ensuring the uninterrupted supply of essential services, including power supply to Indian Railways, during the Covid-induced lockdown.

RITES Ltd. has been honoured with 7th Governance Now PSU Award in Digital PSU Category organised by SAB TV Channel at Hotel The Lalit, New Delhi On 19th Feb 2020. Mr V.G.Suresh Kumar, Director [Projects] RITES received the award from Shri Arjun Ram Meghwal Honbl'e Union Minister of State [HI & PE] and Shri Shailesh Lodha [of Tarak Mehta Ka Ulta Chasma Fame]. Shri Ved Prakash ED[CS], Shri Sanjay Gupta, GM[IT] and Shri Akhilesh Mishra, GM[WS] also joined the Director [Projects] while receiving the award.

The Governance Now PSU Award forum honours the efforts of Public Sector Enterprise in various in various fields like Technology, CSR and Environment etc.